GameStop has hired a financial advisor to assist in in its discussions with the buyout firms, according to media reports.
BIZ BEAT: Family Video closing 2 area stores, selling movies for as low as $1
“There can be no assurance any agreement will result from these discussions,” a company statement reads. “GameStop does not intend to make any additional comments regarding these discussions unless and until it is appropriate to do so.”
With the web dominating the video-game industry, GameStop has been struggling. Former CEO Michael Mauler resigned in May after only three months on the job.
Last year, GameStop announced that it would close 150 of its 7,500 stores after a stretch of declining sales. Total global sales for fiscal year 2016 were down almost 14 percent and hardware sales were down 29 percent.
» RELATED: Order online from Walmart, pick up items at a vending machine in under a minute
However, fiscal year 2017 sales were up 12 percent and hardware sales were up 44.8 percent.
GameStop has 10 stores in the Dayton area, 22 stores in the Cincinnati region, 15 stores near Cleveland and 20 stores in the Columbus area.
FIVE FAST READS
• Retail sales increase in May, expected to continue growing this year
• Macy’s to expand pop-up marketplace with new partnership
Technical issue at PSA Airlines Dayton headquarters grounds 675 flights
• NEW DETAILS: American Airlines flights through local carrier to be reduced rest of week
• PHOTOS: Retail tycoon’s former Ohio mansion on sale for $3.95 million